An agency remains valid until the principal and the agent mutually agree to dissolve it.

Name: An agency remains valid until the principal and the agent mutually agree to dissolve it.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An agency can be terminated not only by mutual agreement but also by the act of one party, fulfillment of the agency's purpose, lapse of time, occurrence of a specified event, or operation of law (e.g., death or incapacity of the principal or agent).

An Agency Remains Valid Until the Principal and the Agent